[Federal Register Volume 88, Number 98 (Monday, May 22, 2023)]
[Notices]
[Pages 32821-32822]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-10864]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Regulation Project

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Internal Revenue Service (IRS), as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on information collections, as required by the Paperwork Reduction Act 
of 1995. The IRS is soliciting comments concerning Requirements for 
Investments to Qualify under section 936(d)(4) as Investments in 
Qualified Caribbean Basin Countries.

DATES: Written comments should be received on or before July 21, 2023 
to be assured of consideration.

ADDRESSES: Direct all written comments to Andres Garcia, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 
20224, or by email to [email protected]. Include ``OMB Number 1545-
1138--Requirements for Investments to Qualify under section 936(d)(4) 
as Investments in Qualified Caribbean Basin Countries'' in the subject 
line of the message.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this collection should be

[[Page 32822]]

directed to Martha R. Brinson, at (202) 317-5753, or at Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 
20224, or through the internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Requirements for Investments to Qualify under section 
936(d)(4) as Investments in Qualified Caribbean Basin Countries.
    OMB Number: 1545-1138.
    Regulation Project Number: TD 8350.
    Abstract: This document contains final regulations that provide 
guidance relating to the requirements that must be met for an 
investment to qualify under Internal Revenue code section 936(d)(4) as 
an investment in qualified Caribbean Basin countries. The collection of 
information is required by the Internal Revenue Service to verify that 
an investment qualifies under IRC section 936(d)(4). The respondents 
will be possession corporations, certain financial institutions located 
in Puerto Rico, and borrowers of funds covered by this regulation.
    Current Actions: There are no changes in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit organizations.
    Estimated Number of Respondents: 50.
    Estimated Time per Respondent: 30 hrs.
    Estimated Total Annual Burden Hours: 1,500.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained as long as 
their contents may become material in the administration of any 
internal revenue law. Generally, tax returns and tax return information 
are confidential, as required by 26 U.S.C. 6103.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. 
Comments will be of public record. Comments are invited on: (a) whether 
the collection of information is necessary for the proper performance 
of the functions of the agency, including whether the information has 
practical utility; (b) the accuracy of the agency's estimate of the 
burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information to be collected; (d) 
ways to minimize the burden of the collection of information on or 
other forms of information technology; and (e) estimates of capital or 
start-up costs and costs of operation, maintenance, and purchase of 
services to provide information.

    Approved: May 12, 2023.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2023-10864 Filed 5-19-23; 8:45 am]
BILLING CODE 4830-01-P